When healthcare providers regularly calculate claim denials and interpret this metric, it gives them a clear path to increasing cash flow, optimizing performance, and reducing administrative waste. In this article, we’ll help you learn to calculate your medical claim denial rate, why it’s important, what industry benchmarks to strive for, and how to reduce your denial rates over time.
If you’re a physician or practice manager experiencing inconsistent cash flow, there’s good news: claims edit software offers a proven way to improve your financial performance. By preventing denials before claims are submitted, this software can drastically reduce rework, speed up reimbursements, and immediately enhance your bottom line.
Healthcare revenue cycle management (RCM) is fundamental to practice stability and profitability, yet it can be complex and time-consuming. A highly functional and streamlined RCM is a key part of administrative overhead and critical to the practice operations. Faster medical billing claim rates and minimized denials is the path to significantly boosting healthcare revenue.
Facing rising denials that drain revenue? Medical practices are struggling with this industry-wide trend. The good news: many denials are preventable. This blog post offers solutions to fight denials, like analyzing root causes and implementing best practices.
A practice can’t achieve an efficient revenue cycle process without understanding the intricacies of medical billing and claim submission. Medical claim denials are one of the top reasons why healthcare practices don’t realize all the revenues they’ve earned from the...
The complexities around medical billing and claim submission can baffle the most seasoned doctor or revenue cycle manager. Denying medical claims is one of the main reasons why healthcare providers aren’t getting their maximum reimbursements from insurance companies....
Denied medical claims are a top factor in healthcare practices not receiving full reimbursement for the medical services they provide. Accurately submitting medical claims is among the most important revenue cycle processes that ensures a healthcare practice is...
Reducing denied medical claims is the goal for every practice manager and healthcare executive. Denied medical claims is at the top of the list of reasons practices today aren’t realizing as much profit as they should. This article is part 4 in our blog series about...